Gérard Debreu Quotes

French economist and mathematician (1921–2004)

Gérard Debreu (July 4, 1921 – December 31, 2004) was a French economist and mathematician, who also came to have United States citizenship. Best known as a professor of economics at the University of California, Berkeley, where he began work in 1962, he won the 1983 .

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Native Name: Gerard Debreu

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Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or .

I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium.

L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simultaneous equations representing the demand for goods by consumers, the supply of goods by producers and the equilibrium condition that supply equal demand on every market.